Due to the increased possibilities for identity theft and different kinds of frauds connected with credit cards, a decade ago Visa and MasterCard proposed a mechanism for increased data security for the credit card providers, merchants, banks and other financial institutions. The proposal led to developing quality PCI compliance security standards.
Before you start accepting payments on your website, there are a few things you need to do. And one of them is signing a contract with your acquirer. So, what’s hiding behind this acquirer term and why do you need one?
Online businesses that process e-payments need to pay attention to fraudulent activities and keep an eye on their potential financial losses. How can blacklisting help you protect your customers and keep your business away from fraudsters?
The billing cycle is any kind of month to month record in the timeframe between billings. A billing cycle may begin on the first day of the month and end on the 30th day of the month. On the other hand, it might go from the fifteenth of one month to the fifteenth of the following. Billing cycles are differing
Address Verification Service, also known as AVS, is a security measure that is used to prevent fraudulent transactions on any debit or credit card.
3D Secure (3-domain structure), also known as a payer authentication, is a security protocol that helps to prevent fraud in online credit and debit card transactions. This additional security was initiated and created by Visa and MasterCard and it’s branded as ‘Verified by Visa’ and ‘MasterCard SecureCode’ respectively.
Each day more and more people buy online and shopping habits of today’s online consumers are changing quickly. Having a deep knowledge of the market is important especially if you want to be an online merchant. But what exactly does it mean?
Finding a reputable high risk card payment processor can be challenging, but you’ll be surprised how having one will streamline your business processes. Working with a payment processor that knows the high risk industry inside out will improve your reputation and keep your money secure. Here’s what you should know about high risk payment processing.